KBR Awarded $530 Mln Contract By U.S. Marine Corps - Quick Facts

(RTTNews) - Professional services provider KBR Inc. (KBR) announced Wednesday that it has been awarded a $530 million contract by the U.S. Marine Corps (USMC) to provide worldwide maintenance and supply chain services for the USMC Blount Island Command. The maximum value of this potential eight-year contract is $950 million.

Under the contract, KBR will provide a full range of logistics services to support three Marine Corps Prepositioning Programs: the Maritime Prepositioning Ships (MPS) Program, Marine Corps Prepositioning Program - Norway (MCPP-N) and the Marine Expeditionary Unit Augmentation Program Kuwait (MAP-K).

This cost-reimbursable contract has a base period of five years with one optional ordering period of three years and a six month option for extension of contract services.

The total contract value if all options are exercised is $950 million. KBR also won the previous 10-year contract to provide similar services to USMC Blount Island Command in 2009.